Carol Benson

Title: Carol Benson: Innovator in Online Transactional Services

Introduction

Carol Benson is a notable inventor based in Oakland, CA, who has made significant contributions to the field of online transactional services. With a focus on risk-based purchasing systems, her innovations aim to enhance the efficiency and security of transactions between buyers and sellers who have no prior relationship.

Latest Patents

Carol Benson holds 2 patents, with her latest invention being a system and method for a risk-based purchase of goods. This innovative system enables online transactional services by utilizing a financial clearinghouse that assesses the risk classification of buyers in real-time. By leveraging an online repository of credit information, the system determines a risk-based discount fee, which helps establish a payment amount to the seller. If the transaction is authorized, the clearinghouse facilitates the payment and sends an invoice to the buyer. This method not only streamlines the purchasing process but also enhances security for both parties involved.

Career Highlights

Carol Benson is currently employed at Citibank, N.A., where she applies her expertise in financial technology and transactional systems. Her work focuses on developing solutions that improve the efficiency of online transactions, making them safer and more accessible for users.

Collaborations

Throughout her career, Carol has collaborated with talented professionals, including Maria M. Mandler and Ann P. McLaughlin. These partnerships have contributed to her innovative approach and the successful development of her patented systems.

Conclusion

Carol Benson's contributions to online transactional services reflect her commitment to innovation and security in financial transactions. Her work continues to influence the way buyers and sellers interact in the digital marketplace.